Australia vs Iceland: Insurance and financial services
Insurance and financial services over time
- Australia
- Iceland
How they compare
Australia currently reports 4.7% against 4.4% in Iceland, a difference of 0.3%.
That makes Australia's figure about 1.1 times Iceland's.
The two have swapped places 2 times across 23 shared years of data; in 1989 it was Australia ahead.
Australia ranks 68th and Iceland ranks 70th of 190 countries.
Across the 5 decades both report, Australia averaged higher in 4 and Iceland in 1.
Head to head by decade
| Decade | Australia | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 5.8% | 0.8% | 5.0% | Australia |
| 1990s | 7.4% | 1.5% | 6.0% | Australia |
| 2000s | 3.6% | 7.9% | 4.3% | Iceland |
| 2010s | 5.4% | 5.3% | 0.1% | Australia |
| 2020s | 6.7% | 4.3% | 2.4% | Australia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Australia or Iceland?
- Australia, at 4.7% against 4.4% in Iceland as of 2025.
- What is the difference in insurance and financial services between Australia and Iceland?
- 0.3%, with Australia ahead.
- How many years of comparable data are there for Australia and Iceland?
- 23 years are reported by both, from 1989 to 2025.
- How do Australia and Iceland rank globally for insurance and financial services?
- Australia ranks 68th and Iceland ranks 70th of 190 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Insurance and financial services (% of service exports, BoP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.